Audit please write me someone

[denisejohn65]

k thanks.... I hope I hold up....hell....I will after all this!!! What else could happen...huh???

[denisejohn65]

One more question Justbroke......are they connected with the irs???? Do they report you to them if they want???? I will stop for the night after this.

[justbroke]

One more question Justbroke......are they connected with the irs???? Do they report you to them if they want???? I will stop for the night after this.

So, how much sleep have you gotten lately? Just wondering.

No, this is not connected to the IRS and has absolutely nothing to do with an IRS Audit. This is an Audit as mandated by Congress as part of the BAPCPA of 2005.

As the U.S. Trustee puts it...

the audit is not the same as a tax audit or financial audit conducted in accordance with “generally accepted auditing standards,”

Since you won't go to sleep... here's something you can read on the U.S. Trustee's Bankruptcy Audit Program...

http://www.usdoj.gov/ust/eo/public_affairs/press/docs/pr20061019.htm

(Note: that it does talk about "penalties" for false statements if you don't have a good explanation. Again, I would not worry since you gave all your honest answers to your Attorney. This is not an IRS audit. They are not looking to get you. They are just performing a random sampling to ensure the integrity of the entire Bankruptcy Program.)

[denisejohn65]

I will go now and try to relax.I read that...kind of scary a little......Thank you

[JRScott]

The audit is indeed random.

So long as you have been fully honest in your petition you have nothing to worry about, just gather the required paperwork and get it to them. (Make a copy of it before you send it just in case).

[denisejohn65]

On this letter it says Yours truly, xxxxx Assistant United States Trustee. Then in the bottem left corner it has the firm that is doing the audit and the guys name, then Chapter 7 case trustee after it. So do you think this is random???Or is this my trustee???

[denisejohn65]

I know I'm asking too many ?? and I'm sorry but this has me scared. The note on the back page says: The audit involves the verification of the income, expenses and assets reported by you in the BK schedules and statements. You are required to provide additional info and records and cooperate with the audit firm and provide info promptly. So...with that said...it's still ramdom??? Why do you think, Justbroke that the tt would become interested???

[justbroke]

On this letter it says Yours truly, xxxxx Assistant United States Trustee. Then in the bottem left corner it has the firm that is doing the audit and the guys name, then Chapter 7 case trustee after it. So do you think this is random???Or is this my trustee???

This is random. If you're sending stuff to a "firm" that's doing the Audit, then it's random. This is the random audit.

You would not have received a letter like that if it was the U.S. Trustee himself.

[justbroke]

I know I'm asking too many ?? and I'm sorry but this has me scared. The note on the back page says: The audit involves the verification of the income, expenses and assets reported by you in the BK schedules and statements. You are required to provide additional info and records and cooperate with the audit firm and provide info promptly. So...with that said...it's still ramdom???

Yup, that's the language for the outside (3rd party) audit. It is totally random.

Why do you think, Justbroke that the tt would become interested???

The Trustee could become interested in your case if you're over-the-median income and/or are discharging more than $100K in unsecured debt.

[denisejohn65]

No...I'm not over. I have 30k cc, condo 77000.00, car 10,000.00 and some medical maybe 4000.00. When I filed my income was 32000.00 and some a year, Now I lost my job and its way down now. I told my Lawyer that I lost my job and my income is way down now. I'm living off the alimony 1200.00 a month and retirement 447.00 once a month = 1647.00 a month...he said it don't matter and he did not need to change anything. He said they will that I have no employer on this other paper work I filled out yesterday. Does that sound right for him to say that???

[denisejohn65]

I mean they will see I have no employer on my other papers I filled out.

[dingdong]

My aunt filed BK over a year ago do to involvement (cosignor on accounts) with her daughter's failed business.

She was one of the 'lucky' random audit winners. She just supplied everything they asked for and never heard about the issue again.



Her attorney told her to not even worry about it.

As long as she fit into the parameters of the BK code, under median, mostly consumer debt, no large luxury purchases right before bk, she would be fine.

And she was. Happily discharged now for over a year.
Basically it just came down to her having to send in more crap (paperwork) and digging the stuff out of her files, which can be a pain in the butt, but as long as you comply, everything will be fine.

good luck and don't worry, if you are low income and in debt, you are the perfect candidate for BK.

[denisejohn65]

Thanks.....I just keep fretting about things...I feel kind of dumb too. I know this has nothing to do with this thread....but I have not even got my letter yet about my filing with the court date yet. I filed June 12th. My lawyer gave me my case # and ct date. Ct date is July 20th

[dingdong]

Thanks.....I just keep fretting about things...I feel kind of dumb too. I know this has nothing to do with this thread....but I have not even got my letter yet about my filing with the court date yet. I filed June 12th. My lawyer gave me my case # and ct date. Ct date is July 20th

It will probably come in the next day or two.

[justbroke]

He said they will that I have no employer on this other paper work I filled out yesterday. Does that sound right for him to say that???

Yes, you have no issues. You represent the debtor that Congress wanted to have a Chapter 7 available to. I see no issues at all, (prior) income or not.